Bitcoin led the rally, rising more than 7% over the past 24 hours to around $92,900, pushing total market capitalization to approximately $3.15 trillion, a 7% increase on the day.

The sharp recovery comes amid improving sentiment in the sector. The Fear and Greed Index rose to 22, still in the “fear” zone but significantly higher than the extreme fear levels at the start of the week. Trading activity remains high: Bitcoin alone recorded over $84.8 billion in 24-hour volume—a sign that market participants are increasing exposure rather than waiting for another decline.
Broad market strengthening
Nearly all major assets participated in the rally.
Ethereum jumped 8.9% to $3,060, with over $29 billion in trading volume.
XRP climbed 9% to $2.20, putting the token back on a short-term uptrend.
BNB rose more than 8% to around $898, continuing its steady recovery.
Solana was among the strongest assets, rising 11.6% in 24 hours to $142, supported by nearly $7 billion in volume.
Stablecoins remained firmly pegged, with USDT holding $1 but recording an exceptionally high $126.6 billion in daily volume—a sign of liquidity returning to the market.
Breakout from the downtrend?
Market analysts point to a combination of short liquidations, improving macro environment, and easier ETF access in the US as key drivers of today’s rally. The CMC20 Index, which tracks leading large-cap crypto assets, climbed 7.87%, confirming that the recovery is broad-based and not limited to Bitcoin alone.
Technical indicators are also improving. The average crypto market RSI stands at 55.55, bringing the market out of oversold territory and indicating strengthening momentum among leading assets.
What’s next?
Traders are watching to see if Bitcoin can hold above $93,000, a key psychological threshold. A decisive close above this area could open the way to the next resistance cluster around $95,000, while failure to hold may lead to a renewed test of the upper range boundary at $80,000.
For now, market confidence is recovering, but with fragile sentiment and high leverage, volatility is likely to remain elevated in upcoming sessions.